1317 State St Greenfield, IN 46140-1026
Property Lookup
Property profile & analytics
1317 State St Greenfield, IN 46140-1026
- Medical Office Space
- 4,500 SF
- 0.88 lot acres
Property ID
US31-0984012
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 1317 State St
- Year built
- 2019
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.88 lot acres
- Property size
- 4,500 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 30-07-29-400-004.001-009
- APU
- 300729400004001009
Description
This exceptional investment opportunity presents a 4,500 square foot, Class A, free-standing retail building in Greenfield, Indiana. The property, built in 2019, is situated on approximately one acre of land at 1317 N State St, 46140, and enjoys a prime location adjacent to a Kroger and other national retailers on State Road 9. Currently 100% occupied by Fast Pace Urgent Care, a rapidly expanding healthcare provider with over 260 clinics, the property boasts a 15-year NNN lease with approximately 9.8 years remaining. The lease features a corporate guarantee, providing significant security, and includes 10% rent bumps every five years, along with two ten-year renewal options. The current annual net operating income (NOI) is $192,500, yielding a 6.85% cap rate. This is a true triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, offering a low-maintenance, high-return investment. The asking price is $2,810,218, translating to $624.49 per square foot. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and a desirable location, making it an ideal addition to any investment portfolio. The property is approximately 12 miles from Indianapolis.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Greenfield
- County
- Hancock
- State
- Indiana
- Longitude
- -85.7691
- Latitude
- 39.8024
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,046
$278,300
$556,600
$834,900
-
$278,300
$556,600
$834,900
